12 CFR 344.8 - Securities trading policies and procedures.
(a) Policies and procedures. Every bank effecting securities transactions for customers shall establish written policies and procedures providing:
(2) Assignment of responsibility for supervision and reporting, separate from those in paragraph (a)(1) of this section, with respect to all officers or employees who process orders for notification or settlement purposes, or perform other back office functions with respect to securities transactions effected for customers;
(3) For the fair and equitable allocation of securities and prices to accounts when orders for the same security are received at approximately the same time and are placed for execution either individually or in combination; and
Title 12 published on 2014-01-01
no entries appear in the Federal Register after this date.